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Bloomberg For the thousands of attendees it was meant to be a conference to showcase China’s flagship Belt and Road project in Pakistan—the port in southwestern Gwadar that gives Beijing access to the Arabian sea. In the evenings the almost 8,000 delegates were wowed with cultural shows and a firework display at the newly opened five-story Gwadar Exhibition Center which ...

Bloomberg The venture capital community has been fretting about the impact SoftBank Group Corp.’s giant tech fund has on deal prices. The Japanese company says be grateful. “It’s good for investors if valuations go up as they can exit at those prices,” said Rajeev Misra, head of the Vision Fund, citing deals with Didi Chuxing, Uber Technologies Inc. and WeWork ...

Bloomberg China’s exporters are shrugging off the surging yuan, even as it nears its strongest level since 2015. Growth in outbound shipments is expected to build on January’s double-digit increase to climb 6 percent in 2018, though the yuan has posted a 9 percent gain over the past year. While a rising domestic currency over time makes exports more expensive, ...

Bloomberg The European Union will challenge Theresa May on Wednesday when it publishes a draft Brexit treaty that ignores some of the UK prime minister’s most important demands. The bloc is planning to set out in legal detail how it expects the UK to depart in just over one year’s time, and the terms of a transition period that will ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received Juan Carlos Varela, President of Panama, who is currently visiting the country. Sheikh Mohamed welcomed President Varela and his delegation, saying that the visit will contribute in enhancing friendly relations and ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received President Juan Carlos Varela of Panama on Monday. His Highness welcomed President Varela in the presence of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council. During ...

Abu Dhabi / WAM Under the patronage of His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, HH Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court and a member of the Executive Council of Abu Dhabi inaugurated the 5th edition of the Abu Dhabi Air Expo 2018 at ...

Dubai / WAM Dubai Airport Freezone Authority (DAFZA), announced the launch of Goodforce Labs, an innovative start-up incubator focused on transforming ethical startups in the fields of Islamic economy and Halal industries into global success stories. The incubator will work to revitalise the Islamic ethical economy utilising a deep venture building platform. This will be achieved by selecting a group ...

Bloomberg Samsung Electronics Co. grabbed centre stage in Barcelona at Mobile World Congress with the unveiling of its latest flagship handset: the Galaxy S9. The South Korea-based technology giant is banking on new features such as augmented reality-based emojis, camera upgrades, and stereo speakers in a form-factor similar to 2017’s model to take on Apple Inc.’s iPhone X. It also ...

Bloomberg Go East, expatriates looking to make the big bucks. Mumbai, India’s financial, commercial and entertainment capital, tops global rankings for expat salaries, according to a survey conducted by HSBC Bank International Ltd. Foreigners moving to the subcontinent’s most populous city reported average annual earnings of $217,165. That’s more than double the global expat average of $99,903, the HSBC Expat ...